Member stories
A six-unit partnership, followed by a 14-unit purchase.
Chris explains his first multifamily purchase in Oklahoma City. His subsequent community update reports closing on a second building with 14 units.
Looking beyond one house at a time
Living in San Diego, Chris began buying rentals in the Oklahoma City area after traveling there for work. He eventually owned three single-family properties in that market. He knew the area, but had not yet made the jump to commercial multifamily.
His earlier member account marked his first six-unit purchase. In the interview, Chris explains the transaction in detail and why he wanted to expand beyond houses. A major plumbing repair at one rental had absorbed a year’s cash flow, sharpening his interest in buildings with more than one rental income.
Finding a deal and a partner together
While looking at properties and connecting with investors online, Chris met someone who had put one of the same buildings under contract and was seeking a partner. They agreed to contribute equal capital and split ownership equally.
The partner was local to Oklahoma City and would handle day-to-day management. Chris would participate in higher-level decisions and regular meetings. The six-unit property cost $350,000, financed with a conventional loan at 75% loan-to-value. Problems with an initial lender forced them to restart the financing process before they closed.
The work after closing
The property needed roof and foundation work. Chris describes repairs consuming more of the original renovation budget than expected, so he and his partner were considering additional funding to finish the work.
Completing the acquisition gave him more confidence in multifamily. At recording, he was evaluating a 14-unit property and arranging a walkthrough; that purchase was not yet complete in the interview. He also stayed connected with fellow member Phil Toth, sharing deals and reviewing each other’s numbers between mentorship calls.
A second multifamily closing
The interview ends with Chris still evaluating the next purchase. In a December 2025 community post, he reported that a 14-plex had closed. He described it as his second multifamily building after partnering on a sixplex earlier that year, with property improvements still ahead.
Together, the interview and the update show the progression from researching larger properties to completing another transaction. They also show the work between those milestones: finding a partner, arranging financing, and preparing to improve and manage the buildings.
View the original community updateBased on Chris Jordan’s interview and the existing account on our site. Figures and transaction status reflect the original accounts. Individual experiences and results vary.
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